According to ChainCatcher, according to the monitoring of on-chain analyst Yu Jin, a whale/institution sold 10,414 ETH last night. It transferred 10,414 ETH to Binance through 3 addresses, and then withdrew 36.32 million USD stablecoins from Binance.
It is reported that the whale/institution sold ETH this time to reduce leverage. Its three addresses mortgaged 68,300 ETH (about 228 million US dollars) in Aave and Compound to borrow 114 million USD stablecoins.
